Amadeus To Spin Off Payments Business, Applies For License To Self-Issue Virtual Cards

Amadeus plans to become an issuer of virtual cards in the European Economic Area after applying for an eMoney license to provide regulated payment services, the company announced. To support the license application with the Bank of Spain, Amadeus on Jan. 1, 2023, will spin off its payments business into a new, wholly owned company called Outpayce.

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